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SS1 Government
Advantages
of Capitalism
It encourages competition among
individuals and organizations
, thereby leading to the production of qualitative
goods and services
The level of economic growth is faster in capitalism than other
forms of Economic systems
It encourages mass political participation as there are more than one political party in existence.
The system in self-rewarding since the owner of business
reaps all the profits made
It encourages private initiative in the ownership
and control of industries
The system promotes individual liberty and rights his especially individuals right to own property as much as the law allows.
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